www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Finding the right work-life balance

By Bloomberg (China Daily) Updated: 2014-07-14 07:02

Finding the right work-life balance

Fosun Group's booth at a recent international exhibition in Shanghai. Fosun plans to double its assets in the next five years and is on the lookout for healthcare, tourism and fashion acquisitions in the US and Europe. Provided to China Daily

Tycoon follows Buffett's investment strategy to build a business empire

Twice a week in the winter of 1987, students living in the No 5 dormitory of Shanghai's Fudan University would hear a familiar knock close to midnight. A slight, bespectacled philosophy major was going about his rounds selling bread door-to-door.

The student, Guo Guangchang, earned about 30 yuan ($4.80) a month, doubling his income to help support himself through college. "I had a government subsidy then, but living costs were high," Guo says.

Guo is flush with dough these days. Using Warren Buffett as a model, he is one of a number of tycoons remaking the face of Chinese dealmaking, becoming China's eighth richest person in the process. In contrast to State-owned companies that traditionally bought resources such as mines and oil fields to fuel the country's soaring economy, Chinese entrepreneurs like Guo, 47, are looking overseas for brands, technology and financial assets that cater to the nation's growing ranks of the affluent.

Finding the right work-life balance
Fosun Group inks airport deal in Greece

Finding the right work-life balance
Fosun cooks up deal for Malaysian eatery chain

"Our focus going forward is on sectors where the life of China's middle class can be upgraded: health, travel, leisure, education and the Internet," says Guo, chairman of the $48 billion-asset Fosun Group, whose fortune is estimated at $5.7 billion by the Bloomberg Billionaires Index. "We call it marrying China's growth with global resources."

Since 2010 Fosun has invested more than $3.4 billion in overseas assets including French resort operator Club Mediterranee SA, JPMorgan Chase & Co's 60-story tower 1 Chase Manhattan Plaza in New York and Raffaele Caruso SpA, an Italian maker of $3,300 suits, according to data compiled by Bloomberg.

Guo built Fosun by borrowing from the approach used by Buffett's Berkshire Hathaway Inc. It invests in financial assets such as insurance to secure long-term funding that can be deployed to expand across a range of businesses, said Eugene Qian, Citigroup Inc's Shanghai-based head of global banking for China.

"Many people talk about being Buffett in China but few can pull it off," Qian says.

Other Chinese entrepreneurs acquiring more overseas include Jack Ma, founder of China's largest e-commerce company Alibaba Group Holding Ltd, which this year bought stakes in messaging service TangoMe Inc and ride-sharing app Lyft Inc, and Wang Jianlin, who started Dalian Wanda Group. Dalian Wanda acquired British yachtmaker Sunseeker International Ltd last year, after purchasing US cinema chain AMC Entertainment Holdings Inc in 2012 for $2.6 billion including debt.

Guo grew up in Hengdian in Zhejiang province, a small farming town about 240 kilometers south of Shanghai. Plain rice served with marinated dried pickles was a major staple of the billionaire's diet as a youngster.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 综合欧美日韩一区二区三区 | 色欧美hdvideosxs4k | 91极品尤物 | 国产在线观看精品 | 欧美日本一二三区 | 亚洲欧美日韩精品永久在线 | 国产三级香港三韩国三级 | 在线观看日本永久免费视频 | 国产一级一片免费播放视频 | av片免费大全在线观看不卡 | 亚洲欧美精品成人久久91 | www.黄色免费网站 | 亚洲免费在线视频观看 | 日韩福利视频精品专区 | 男女性男女刺激大片免费观看 | 亚洲欧美在线观看视频 | 日韩中文字幕网 | 日本三级毛片 | 国产1区在线观看 | 91大神大战丝袜美女在线观看 | 久在草视频| 成人欧美一区二区三区黑人 | 免费人欧美成又黄又爽的视频 | 一级黄色α片 | 在线精品国内外视频 | 欧美在线一级片 | 久久久久久国产精品免费免 | 国产成人亚洲日本精品 | 亚洲男人第一天堂 | 中文日韩字幕一区在线观看 | 免费永久国产在线视频 | 一级毛片美国aaj毛片 | 男人添女人下面免费毛片 | a毛片在线观看 | 国产另类视频 | 欧美一级www | 亚洲精品国产综合久久一线 | 午夜成年女人毛片免费观看 | 国产香蕉成人综合精品视频 | 国产在线视频一区二区三区 | 各种偷拍盗摄视频在线观看 |